UK Flywheel Energy Storage System Market Size & Outlook
UK flywheel energy storage system market, 2018-2030 (US$K)
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UK flywheel energy storage system market highlights
- The UK flywheel energy storage system market generated a revenue of USD 4,632.9 thousand in 2023 and is expected to reach USD 9,261.5 thousand by 2030.
- The UK market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, distributed energy generation was the largest revenue generating application in 2023.
- UPS is the most lucrative application segment registering the fastest growth during the forecast period.
Flywheel energy storage system market data book summary
| Market revenue in 2023 | USD 4,632.9 thousand |
| Market revenue in 2030 | USD 9,261.5 thousand |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Distributed energy generation |
| Fastest growing segment | UPS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | UPS, Distributed Energy Generation, Transport, Data Centers |
| Key market players worldwide | Longfor Group Holdings Ltd, Magic Software Enterprises Ltd, Phillips 66, TotalEnergies SE, Volcon Inc, Tianjin Port Development Holdings Ltd, Kinetic Development Group Ltd |
Other key industry trends
- In terms of revenue, UK accounted for 1.1% of the global flywheel energy storage system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany flywheel energy storage system market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 37,719.8 thousand by 2030.
Key Regions: U.S. , Japan , Brazil , Germany , South Korea
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Flywheel Energy Storage System Market Scope
Flywheel Energy Storage System Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK flywheel energy storage system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flywheel energy storage system market will help companies and investors design strategic landscapes.
Distributed energy generation was the largest segment with a revenue share of 21.78% in 2023. Horizon Databook has segmented the UK flywheel energy storage system market based on ups, distributed energy generation, transport, data centers covering the revenue growth of each sub-segment from 2018 to 2030.
The UK comprises England, Wales, Scotland, and Northern Ireland. The economic depression from 2007 to 2009 had a long lasting effect on the economy of UK. However, the flywheel energy storage market in this country is expected to be driven by the increasing demand for energy storage systems.
The UK flywheel energy storage consumption is expected to grow at a steady rate courtesy growing demand for energy storage systems in this country. Growing demand for data centers, which are projected to dominate the flywheel energy storage market, is expected to drive the market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK flywheel energy storage system market , including forecasts for subscribers. This country databook contains high-level insights into UK flywheel energy storage system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK flywheel energy storage system market size, by application, 2018-2030 (US$K)
UK Flywheel Energy Storage System Market Outlook Share, 2023 & 2030 (US$K)
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